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RBC’s $22m payment suspicion ‘reasonable’
The Court of Appeal yesterday ruled it was “reasonable” for Royal Bank of Canada (RBC) to find that $21.957m paid to a Bahamian businessman by a Slovakian he has never met for investment in his sand mining venture was “suspicious”.
Tax authorities push Out Island compliance drive
The Government’s major tax authority is undertaking a Family Island compliance tour to better educate residents and businesses on the need to pay their due tax obligations and how to do so, it was confirmed yesterday.
Teen accused of assaulting a man with a shotgun
A 19-year-old youth allegedly assaulted a man with a shotgun last week.
Women's national soccer team lose out to Grenada
AFTER playing to a draw in the rst half, the Bahamas women’s national soccer team watched as Grenada managed to pull away in the second half for a 4-1 victory to complete a two-game sweep in their home-and-away match in the Concacaf Road to Gold Cup.
Over $8m grant funding for water utility storm coverage
Caribbean water utilities such as the Water & Sewerage Corporation can now access insurance coverage to protect their infrastructure assets against hurricanes and severe flooding, it was announced yesterday.
'Vexatious' litigant loses new 2,000-acre Ginn bid
A “vexatious” litigant has lost his latest bid to be declared owner of some 2,000 acres at the former Ginn project despite calls dating back to 2018 that he be barred from launching such actions.
URCA seeks to shorten reconnection time
THE Utilities Regulation and Competition Authority wants to shorten the time communications service providers have to reconnect the services of people who are wrongfully disconnected or were disconnected because of non-payment.
Blowing the whistle on PM Davis?
I took note of a September 20 article on the front page of The Nassau Guardian concerning allegations made by the Free National Movement party that the Davis administration is currently facing a cash crunch crisis. The Nassau Guardian was careful to add that the official opposition offered no proof to substantiate its explosive claims. Prime Minister Philip Brave Davis is the substantive minister of finance. Prominent Progressive Liberal Party supporter Simon Wilson is the financial secretary in the Ministry of Finance -- a post I believe is really a de facto state ministerial position without the said title. Wilson, for all intents and purposes, is a technocrat who, I believe, is running the show in Finance.
EDITORIAL: Shifting tone on issues of concern
THIS week, there have been notable shifts in what ministers have said on issues that have arisen recently.
Charlton conducts free hurdles camp for girls
Here to celebrate the 60th birthday of her mother Laura Charlton this weekend, Bahamian national women’s 100 metres hurdles record holder Devynne Charlton and her American training partner Masai Russell hosted a free, one-day camp for girls.
ERIC WIBERG: Splashdown in the moonlight
ON the night of Tuesday, October 5, 1943, a pilot from the RAF named Hastie calmly pointed the sizeable B-25 Mitchell bomber towards the dark outline of South Eleuthera, just above Lighthouse Point. Despite losing an engine then the second one overheating, Hastie managed to calmly land his nearly 70ft, 35,000lb airplane a mere 100 feet from the beach gleaming white in the moonlight, without any of his men being killed.
Total visitor arrivals up 30% though stopovers still trail
The Ministry of Tourism's top official yesterday said total visitor arrivals to The Bahamas are 30 percent ahead of their pre-COVID record through to end-July although stopover visitors are still trailing slightly.
RBC chief pledges company account opening upgrades
Royal Bank of Canada's (RBC) top Bahamas executive yesterday pledged to address the challenges encountered by Family Island business clients when it comes to opening corporate bank accounts.
BPL: 8% 'crazy growth' in New Providence
A senior Bahamas Power & Light (BPL) executive yesterday said the utility had seen "crazy growth" in customer demand over the summer with New Providence's peak load increasing by 8 percent year-over-year.
$35m invested by Baha Mar in maintenance
BAHA MAR president Graeme Davis said the resort has invested $35m in maintenance this year.
Minister admits some language difficulties with Cuban teachers
EDUCATION Minister Glenys Hanna-Martin said officials had been informed about a “very small” number of Cuban teachers whose command of the English Language had been a barrier between them and students.
Munroe has faith despite rulings
AFTER several adverse Coroner’s Court inquest findings against police this year, National Security Minister Wayne Munroe said he remains confident in the “system”.
‘Structural vulnerabilities’ weigh on robust growth
Standard & Poor’s (S&P) yesterday forecast Bahamian economic growth for 2024 will fall back to historical trends at 1.8 percent as it warned that such levels, together with “structural vulnerabilities”, weigh on improved credit ratings.
S&P: Austerity ‘likely’ to meet Gov’t debt targets
Standard & Poor’s (S&P) last night argued that the Government will likely struggle to meet its debt reduction targets “without material new revenues, significant cost-cutting or well above average economic growth”.
SUPER VALUE CHIEF: FOOD COST UP 30% – Roberts reveals assessment of 15 common items
Super Value’s principal yesterday said a review of 15 commonly-bought items revealed The Bahamas sustained food inflation of around 30 percent over the past two years, adding: “The customers are re-training us.”
